Question
A project has an initial cost of $45,000, expected net cash inflows of $10,000 per year for 7 years, and a cost of capital of
A project has an initial cost of $45,000, expected net cash inflows of $10,000 per year for 7 years, and a cost of capital of 9%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round intermediate calculations.
Round your answer to the nearest cent.
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Introduction To Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
